Mavria raises $130M at a $1B valuation

Mavria, a Texas company building factory-made data centers, raised $130 million across pre-seed and seed rounds at a $1 billion valuation, co-founder and CEO Adam Blake wrote on November 9, 2026. The latest round was led by Paradigm, with participation from AMP PBC, Liquid 2, Critical Frontier and Dream Ventures, Blake said. The Wall Street Journal first reported the launch; Codema verified the raise, valuation and investor list against Mavria’s own post. Data Center Dynamics separately places the company in The Woodlands, Texas, north of Houston.

Blake wrote that he and his co-founders worked together at the Department of Energy before founding Mavria. The company’s first product, Terrain, is a factory-built data-center platform meant to replace one-off field construction with repeatable manufacturing for frontier labs, cloud providers and data-center developers. Terrain 01 “is in production in Houston right now,” Blake wrote. Those are company statements about product status, not named customer contracts or delivered megawatts.

The raise sits inside the same AI build-out that is straining power and site timelines. Codema’s AI data-centre power explainer covers grid demand; neoclouds such as CoreWeave and Nebius and Google’s Crusoe Wyoming site purchase show other ways capacity is being financed and sited. Mavria’s pitch is manufacturing speed; it has not published pricing, delivery dates or named customers in the launch post.